3315 Massena Dr, Pensacola, FL 32526
4 beds · 3 baths · 2,288 sqft
Welcome home to this meticulously maintained home in the Arbor Ridge subdivision. Featuring 4 bedrooms and 3 full baths on a large fenced in lot, this property is perfect! Inside, the house has been updated with wood laminate flooring throughout the entire home. A large living room with fireplace features high ceilings, and connects to the dining room, and spacious kitchen. With new stainless stove, microwave, and dishwasher, the kitchen is ready serve and entertain with a large center island, solid wood cabinets and plenty of cabinets for storage, including a small work station/desk. A breakfast room provides flexibility for quick meals or to take the place of the dining room so it be used as an office instead. The master suite is large with raised trey ceilings and includes 2 walk-in closets in the bathroom, which also includes a deep soaking tub and separate shower, along with a double vanity. 2 of the remaining bedrooms share a bathroom, while the 4th bedroom includes an ensuite full bathroom. Ample closet space is available and the rooms are spacious. Stepping through the French doors to the backyard, a fully fenced large backyard provides a great space to relax and play. Enjoy evenings under the covered back porch, store your lawn and pool toys in the detached shed, and cool off all summer in the above ground pool. Call for an appointment today. Seller will install NEW ROOF prior to closing!
Source: PENSACOLA #647179
Source: PENSACOLA #647179
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #647179
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.